Using reservoir models that integrate log-derived, near-wellbore
geomechanical and petrophysical properties from Baker Hughes with
calibrated seismic data from CGGVeritas, operators can optimize well
placement and completion design earlier in the asset lifecycle for more
efficient well construction and more productive wells.

Baker Hughes brings a broad portfolio of oilfield expertise and services
to the collaborative relationship, most notably its reservoir and
production engineering team and its Center of Reservoir Excellence
(CORE) team focused on unconventional resources. The company's
proprietary geomechanical models and JewelSuite™ reservoir modeling
software use data from Baker Hughes logging and subsurface imaging tools
to deliver decision support capabilities.

“Providing our customers with a more comprehensive view of their
reservoirs to accurately pinpoint sweet spots so they can make the most
productive decisions is a fundamental goal of the Baker Hughes' shale
strategy,” said Martin Craighead, Baker Hughes' President and Chief
Executive Officer. “We are pleased to enhance that capability with the
complementary CGGVeritas portfolio.”

CGGVeritas brings to the relationship a global market-leading position
in seismic data acquisition and geosciences, including differentiating
technologies for shale reservoirs characterization. These technologies
include Hampson-Russell software products and, with the acquisition of
Fugro's Geoscience division, will soon include Jason technologies for
high-end reservoir characterization and Robertson expertise in
exploration and geology. This complete portfolio enables optimization of
project design, a compression of project timelines and offers a
comprehensive product for final interpretation of key reservoir
attributes.

Jean-Georges Malcor, Chief Executive Officer of CGGVeritas, said: “This
collaboration agreement is a very good example of our long-term strategy
in geosciences, and we are very excited to present our skills along with
the unique shale expertise of Baker Hughes.”

While the long-range goal of the collaboration is to help operators
optimize full-field development projects, the initial phase focuses on
integrating near-wellbore log data with reservoir characteristics away
from the well.

Baker Hughes is a leading supplier of oilfield services, products,
technology and systems to the worldwide oil and natural gas industry.
The company's 58,000-plus employees today work in more than 80 countries
helping customers find, evaluate, drill, produce, transport and process
hydrocarbon resources. For more information on Baker Hughes'
century-long history, visit www.bakerhughes.com.

CGGVeritas (www.cggveritas.com)
is a leading international geophysical company delivering a wide range
of technologies, services and equipment through Sercel, to its broad
base of customers mainly throughout the global oil and gas industry.
CGGVeritas is listed on the Euronext Paris SA (ISIN: 0000120164) and the
New York Stock Exchange (in the form of American Depositary Shares.
NYSE: CGV.